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...family and friends, to his Cabinet and staff, to Monica Lewinsky and her family (whom he mentioned for the first time at the prayer breakfast) and to the American people. Before this is over he'll be apologizing to our pets. But to anyone familiar with the boom-and-bust cycles of the Clinton psyche--and by now who isn't?--his dark morning of the soul was also important because so often in the past he has come to a moment like that one before setting back out to fight...

Author: /time Magazine | Title: What Makes Clinton A Survivor? | 9/21/1998 | See Source »

...case grew out of a 1996 Customs bust of a San Jose, Calif., child-pornography ring called the Orchid Club. A pedophile who began cooperating with agents identified an online purveyor of child porn in England. The information was passed to British investigators, who arrested four child exploiters and molesters. In May, London tipped U.S. Customs to the existence of the Wonderland Club. U.S. agents tried surfing into Wondernet but failed to gain entry. They discovered that after the Orchid Club busts, Wonderland, whose members include computer programmers and hardware specialists, deployed an imposing system of codes and encryption. "They...

Author: /time Magazine | Title: Main Street Monsters | 9/14/1998 | See Source »

...here that the prospect of one bank's demise conjures up images of a cataclysmic cascade of failures. With some reason: the collapse last November of the Hokkaido Takushoku Bank shattered the economy of Japan's northern island of Hokkaido. Affiliated lenders and thousands of businesses went bust. Since then the prognosis for the nation has worsened steadily. In reaction, commentators have lashed out, blaming the nation's woes on everything from American "free-market imperialism" being forced on Japan's financial system to a laggardly birthrate...

Author: /time Magazine | Title: Frank Gibney Jr. | 8/24/1998 | See Source »

...tranquil hamlet of Morris Township, N.J., knows quite how to react to the news. Cops had staked out Sunnymede for seven months; they moved in for the bust in early August, hauling off four suspected prostitutes and 15 agitated men, some of them corporate executives spouting excuses about having got lost ("I was at the wrong place at the wrong time," said one) and about having expected only a rubdown ("My shirt was on. My pants were on," said another). Last Monday the brothel's alleged madam, Judith Kelly Dempsey, 46, returned to her $1.6 million home from...

Author: /time Magazine | Title: The Best Little Whorehouse In Jersey | 8/24/1998 | See Source »

...rich do you feel? That's the boom-or-bust question for the U.S. economy as Wall Street stumbles through a summer of pratfalls. The great bull market of the 1990s has pumped $9 trillion into investment portfolios and encouraged Americans to spend some of their gains--a trend that has helped sustain prosperity. But the "wealth effect"--the term economists use for the urge to splurge when we feel rich but to pull back when we feel poorer--could pound the economy if we see more days like last Tuesday, when the Dow Jones industrial average dropped 299 points...

Author: /time Magazine | Title: Can We Bear To Keep Buying? | 8/17/1998 | See Source »

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